შპს CENA

Ratio	2018	2019	2020	2021
Margins
Gross Margin	9.3%	8.3%	12.3%	9.0%
EBITDA Margin	3.0%	3.8%	6.4%	2.6%
EBITDAR	172	194	230	113
EBITDAR Margin	3.7%	4.0%	6.4%	2.6%
EBIT Margin	3.0%	3.8%	6.2%	2.4%
Net Profit Margin	2.5%	3.0%	6.1%	1.9%
Operating Expense % of Sales	6.2%	4.5%	5.9%	6.4%
Returns
Return on Assets (ROA)	35.0%	33.4%	34.7%	20.1%
Return on Equity (ROE)	89.6%	69.3%	49.5%	29.3%
ROIC [EBIT / Invested Capital]	59.2%	59.9%	45.9%	34.4%
Leverage & liquidity
Debt-to-Assets	43.0%	31.8%	19.8%	22.0%
Debt-to-Equity	1.10x	0.66x	0.28x	0.32x
Debt-to-EBITDA	1.04x	0.75x	0.54x	0.80x
Equity-to-Assets	39.1%	48.2%	70.1%	68.5%
Net Debt	105	98	45	25
Cash & Equivalents	42	42	79	66
Total Debt	146	140	124	91
Efficiency & working capital
Inventory Turnover	N/A	36.01x	30.60x	53.26x
Days Inventory Outstanding (DIO)	N/A	10.1	11.9	6.9
Receivables Turnover	29.04x	20.61x	8.98x	18.20x
Days Sales Outstanding (DSO)	12.6	17.7	40.6	20.1
Payables Turnover	275.94x	168.52x	55.76x	133.21x
Days Payable Outstanding (DPO)	1.3	2.2	6.5	2.7
Cash Conversion Cycle	11.2 days	25.7 days	46.0 days	24.2 days
Asset Turnover	13.77x	11.04x	5.71x	10.52x
Cash flow & dividends
Operating Cash Flow	-6	1	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	-6	1	N/A	N/A
Cash Conversion (OCF / EBITDA)	-4.0%	0.4%	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A	N/A

Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in ₾ '000. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.

Ownership & group structure

Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.

companyinfo.ge · fetched 2026-07-15